Tuesday 14 March 2023

Lot 424

Lucas Samaras, Greek/American b.1936 - Box #51, 1966; painted wooden construction with coloured...

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Lot 424

Lucas Samaras,
Greek/American b.1936 - 
Box #51, 1966; 
painted wooden construction with coloured...

Price Realised: £182,000

Estimate: £100,000 - £150,000

Price realised is hammer price plus fees (30% Buyers Premium inclusive of VAT).

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Lot 424

Description

Lucas Samaras,
Greek/American b.1936 - 

Box #51, 1966; 

painted wooden construction with coloured yarns, plastic jewels, coloured acetate, electric light bulb, glass bottle and magne-matic stirrer kinetic closed, H35.6 x x W35.6 x D37.4 cm 

Note: it is the buyer's responsibility to ensure that electrical items are professionally rewired for use. 

Provenance: 
The Pace Gallery, New York, purchased 1966; 
The Tremaine Collection, Connecticut and New York; 
Christies New York, 'Contemporary art from The Tremaine Collection', 9th November 1988, lot 17, illus. p.4; 
Saatchi & Saatchi, London 

Exhibited: 
The Wadsworth Atheneum, Hartford, Connecticut, 26th February - 29th April 1984, 'The Tremaine Collection: 20th Century Masters', p.123 

Literature: 
K. Levin, 'Lucas Samaras', New York, Harry N. Abrahams, Inc., 1975, no.193 (illus.) 

Note: 
In this sublime, early box made by the artist in the 1960s, the luxurious - almost fetishistic - bejewelled exterior contrasts with its hidden interior, guarded by multiple doors, reflecting the contrast between the exterior and interior self that has preoccupied the artist throughout his career. The machine at its centre, is perhaps a brain, whirring on rotation, like the thought patterns of an individual mind. The box calls for you to play with it, to open its doors and peer in, constantly in flux and never fixed. 

Buyer's Premium

The buyer shall pay the hammer price together with a premium thereon of 26% up to £20,000 (31.2% inclusive of VAT), 25% from £20,001 - £500,000 (30% inclusive of VAT), 20% from £500,001 thereafter (24% inclusive of VAT). The premium price is subject to VAT at the standard rate.

VAT
VAT is not charged on the hammer price unless it is stated that there is 'VAT applicable on the hammer price at the end of the description. Buyer's premium is subject to VAT.
(ARR) - ARTIST'S RESALE RIGHT

Qualifying living artists and the descendants of artists deceased within the last 70 years are entitled to receive a re-sale royalty each time their work is bought through an auction house or art market professional.

It applies to lots with hammer value over €1,000 as follows:
0 to €50,000 - 4%, €50,000.01 to €200,000 - 3%
€200,000.01 to €350,000 - 1%,
€350,000.01 to €500,000 - 0.5%
Exceeding €500,000 - 0.25%
ARR is capped at €12,500

Please note ARR is calculated in euros. Auctioneers will apply current exchange rates.

Export of goods

Buyers intending to export goods should ascertain whether an export licence is required before bidding. Export licences are issued by Arts Council England and application forms can be obtained from its Export Licensing Unit. Details can be found on the ACE website www.artscouncil.org.uk or by phoning ACE on 020 7973 5188. The need for import licences varies from country to country and you should acquaint yourself with all relevant local requirements and provisions before bidding. The refusal of any such licences shall not permit the cancelling of any sale nor allow any delay in making full payment for the lot.

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